Programme

09.10     Welcome from Chair
             David Abell, insurance manager, ANZ

09.15     Opening address 
              Ong Chong Tee, deputy managing director, MAS

09.30     Understanding and mastering a New World of Risks: Risk Manager
              New Frontiers

              The changing Landscape of Risk: An overview of a fast-evolving market environment
              Moving beyond a protectiopn/compliance-based approach to achieve risk optimization
              and value creation
              Risk appetite and tolerance: deciding how much risk to take and retain to optimize the
              risk return balance
              Using captives to support your risk optimization strategy

              Mark Ronez, managing director, Asian Risk Management Institute  
              Paul Clarke, regional director, JLT Risk Consulting

10.30   Overview of captives in Asia-Pacific region

         Position Paper:
          An essential aspect of captive risk management is ensuring that facultative  
          reinsurance matches the terms of the ceded cover, especially where the 
          cedant's policy and the reinsurance may be governed by the laws of  
          different jurisdictions. Mr Hawke will discuss some recent UK and 
          US cases in this area and how best to ensure that policies and 
          reinsurances function back to back, as intended by captive managers 
          and regulators.
          Fred Hawke, partner, Clayton UTZ, Melbourne 

         Panel Discussion:
          Comments on Mr. Hawke’s presentation
         How are captives being used?
          What benefits are they bringing?
          How can captive use be optimised and developed in the region?
          Craig Watanabe, captive insurance administrator, State of Hawaii
          Fred Hawke, partner, Clayton Utz, Melbourne
         Chris Charman, senior executive, business development, HSBC Insurance
         Management

11.20  Morning refreshments and networking

12.00 Captive strategy
          Captive design and structure
          Strategic benefits to risk management
          Vic Pannuzzo, managing director, Captive Solutions, 
          Marsh Management Services, Singapore
          Rob Tutchener, global head of group risk management, Rio Tinto      

12.50 Lunch

14.00 Regulators Panel
           A chance to hear from regulators on captive insurance, with an 
           opportunity to put your questions to the panellists.
           Low Kwok Mun, executive director Insurance Supervisory 
           Department, MAS
           JP Schmidt, insurance commissioner, State of Hawaii
           Yunnus Atip, director of regulation, Labuan IBFC

15.00 Case study one: The captive experience-was it good for you?
         This session will outline the components of a typical captive feasibility
          study and, using input from captive owners, evaluate whether captives
          generally live up to the expectations set out at the feasibility stage.
          Mike Parrish, director-consulting, JLT Asia       

15.50 Afternoon refreshments

16.30 Breakout session 

          A: Premium allocation and global captive strategies
           Review of current captive climate
           Impact of global risks on captives
           Global captive planning, including:
           Structures
           Premium and tax allocation
           Multi captives
           Future strategies
           Clive James, group managing director, Aon Global Insurance 
           Managers 

          B: Claims Strategy
             Good claims practice
              Claims Administration
              Awareness of potential conflicts
              Achieving claims resolution
              Ian Baxter, Echelon Claims Consultants.      

17.30 Close of day one

Day two

09.00 Registration and refreshments

09.30 Domicile Panel
         How can the region’s captive industry be developed?
          Where will the growth come from?
          What effect will changing regulation have on the captive industry in the
          region? 
          New Zealand - Peter Lowe, New Zealand manager, Willis Risk
          Solutions
          Singapore - Stuart Herbert, senior vice president, Captive
          Solutions Marsh Management Services
          Hawaii - Craig Watanabe, Captive Insurance Administrator 
          Vanuatu - Kevin Lindsay, chairman, Vanuatu Captive Insurance
          Association           
          Hong Kong - James Wong, senior manager, AON 
          Labuan - Jocelyn Yeo, director, Labuan Insurance Management Services
          Guam - David Silva

10.30 Alternative captive structures
         Different types of captive - a comparison
          Limitations of single parent captives
          Group captives - advantages and shortcomings
          Protected cell captives
          Daniel Koepfer, managing director, Aon insurance managers.

11.20 Morning refreshments

12.00 Breakout Sessions

          A: Tax considerations is selecting a captive location
          Tax issues to consider in parents home
          Tax issues to consider in a captive location
          What makes a good captive location? 
          Yoke Har Yip, partner, PricewaterhouseCoopers   

          B: Captives and securitisation
              Captives - bridging the divide between insurance and capital markets
           Getting behind the hype - what is actually happening
           Recent examples
              The sub prime crisis - what the insurance market can teach banks
              Malcolm Cutts-Watson, leader, Willis

12.50 Lunch

14.00 Case study two- strategic review
        The right recipe for a successful single-parent captive management
         Captive insurance anchored on a comprehensive EWRM
         Turning a cost centre  into a profit centre
          Carlos H. Yturzaeta, cpa, president, Pacific Risk Managers (Guam)          

15.00 The Reinsurer’s Perspective
         Overview of the region and the trends in both established and emerging
         markets.
          Matching the objectives of establishing a captive with your risk management
          programme and risk retention/transfer strategy.
          The softening market - time to re-think your captive?
          Special focus - the changing attitude of Japanese corporates to buying EQ
          cover and possible captive solutions.
         Andrew Crampton, director, Swiss Reinsurance company, Singapore

15.45 Closing remarks from Chair

16.00 Close of conference